Bearish flow noted in HP Inc. with 2,345 puts trading, or 1.5x expected. Most active are Nov-23 27 puts and Nov-23 26 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.97, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 30th.
Published first on TheFly
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